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Roughly 1 in 5 Americans over 65 were employed in 2023, four times the number in the mid-80s. Employers are gradually recognizing the value of older workers and taking steps to retain them.
The unemployment rate for workers 55 and older decreased from 2.8% in April of last year to 2.3% last month, according to the most recent Bureau of Labor Statistics report.
In return for hiring older workers, employers get a more loyal, less attrition-driven, and happier workforce. Companies whose workforces comprised 10% or more of older workers had a 4% lower ...
However, such practice may be illegal in states like New Jersey, New York, and District of Columbia where workers ages 18 and older are protected from age discrimination, therefore, employers cannot give preference to either younger or older workers. [7] [8] The United States Supreme Court, in Meacham v.
Workers aged 65 and older are projected to make up 8.6% of the labor force by 2032, according to data from the Bureau of Labor Statistics. ... A survey from Resume Builder found that 34% of hiring ...
Renée Ward, founder of Seniors4Hire.org, a career center for people 50 and older, says the pandemic opened legitimate work-at-home job opportunities for older workers who, she notes, are more ...
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